RTGS/NEFT

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Bank offers Real Time Gross Settlement System (RTGS) & National Electronic Fund Transfer system (NEFT) which enables an efficient, secure, economical and reliable system of transfer of funds from bank to bank as well as from remitters account in a particular bank to the beneficiarys account in another bank across the country.

RTGS is an electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis, throughout the day. Available for transaction value of Rs.2.00 lacs and above.

For NEFT there is no minimum or maximum stipulated transaction value for using this facility.

  • Safest and secure mode of Fund Transfer.
  • Credit to Beneficiary’s account on the same day.
  • No additional charges for Funds transfer.
  • Bank’s customer can also receive remittances from their associates, maintaining accounts with other Banks.

Information Required for transfer of Funds

Submit the funds transfer application (RTGS/NEFT) form in the prescribed format to the Branch.

  • Mention your (Applicant’s) details
  • Amount to be remitted
  • Account no. to be debited
  • Name of the beneficiary bank
  • Name of the beneficiary customer
  • Account no. of the beneficiary customer
  • Sender to receiver information, if any
  • IFSC code of the receiving branch.(IFSC Code is printed on cheque leaves.)

These facilities are available at all our Core Banking branches .For further details, please contact our nearest branch.